TEST OF PRICE VOLATILITY: A CASE OF THE NIGERIAN CATTLE MARKET

Purpose: The research investigated variation of cattle prices in Nigeria. Specifically, the research: determined presence volatility prices, degree and estimated level persistence prices.
 Methodology: Multi-stage simple random (balotting) sampling techniques were used to select two states each from five out six geo-political zones Nigeria, except South-East zone which was not represented due unavailability data. A total ten selected. Data analysed using Generalised Auto Regressive Conditional Heteroscedasticity (GARCH)).
 Findings: Results GARCH model revealed that highly volatile all selected Yobe, since coefficients close one ranged 0.71 0.88. sum ? + ? or greater than 0.98 1.30, indicated persistent. It discovered Nigerian markets persistent volatility.
 Recommendations: There is need improve on market information system transportation infrastructural facilities order ensure a good efficient pricing country. Hedging via Futures through contract agreement and/or trading could be solutions price volatility.